Apparel maker Raymond Lifestyle Ltd on Wednesday (August 6) reported a lower net loss of ₹19.8 crore for the first quarter that ended June 30, 2025. In the year-ago quarter, Raymond Lifestyle had posted a net loss of ₹23.2 crore.
Revenue from operations increased 17.2% to ₹1,430 crore against ₹1,220 crore in Q1FY25, led by strong growth in branded textile and apparel.
At the operating level, EBITDA jumped 30.8% to ₹78.1 crore in the first quarter of this fiscal over ₹59.7 crore year-on-year. The EBITDA margin expanded to 5.4% from 4.9% last year, on account of higher sales, improved product mix and operating leverage.
Branded textile segment
Raymond Lifestyle reported a 27% YoY growth in revenue for its branded textile segment, which rose to ₹716 crore in the April-June quarter this fiscal from ₹565 crore last year. The increase was driven by robust volume growth, a higher number of wedding dates, and increased consumer awareness compared to the previous year.
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The segment’s EBITDA nearly doubled to ₹103 crore in Q1FY26 from ₹54 crore YoY. EBITDA margins improved to 14.3% from 9.6%, supported by an improved product mix and higher volumes.
Branded apparel segment
The branded apparel segment posted a revenue of ₹370 crore, up 22% from ₹303 crore in Q1FY25. Growth was recorded across all brands and key distribution channels, including exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and online platforms.
EBITDA for the segment stood at ₹19 crore compared to ₹15 crore in the corresponding quarter last year. EBITDA margin was at 5%, marginally up from 4.9%, aided by operational efficiencies and enhanced marketing visibility.
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During the quarter, Raymond focused on operational efficiency by exiting under-performing stores. This retail network optimisation will continue in the upcoming quarters to align with long-term growth and profitability goals. As of June 30, 2025, the store count stood at 1,675 compared to 1,540 in the previous year. The newly-opened stores are expected to take more time to mature fully.
Garmenting segment
The garmenting segment recorded a decline in Q1 revenue to ₹197 crore from ₹252 crore over last year, primarily due to uncertainty arising from US tariff announcements. The EBITDA margin for this segment dropped to negative 3.9% from a positive 3.5% last year, impacted by scale deleverage.
High value cotton shirting segment
The high value cotton shirting segment reported revenue of ₹205 crore in Q1FY26, up 10% from ₹186 crore in the year-ago quarter. The growth was driven by strong demand from B2B customers for cotton and linen fabrics. EBITDA for the segment doubled to ₹20 crore from ₹10 crore YoY. The EBITDA margin improved to 9.5% from 5.6%, supported by higher sales and a better product mix.
Also Read: Raymond Lifestyle expects 12-13% growth in wedding wear market over next 2-3 years
The results came after the close of the market hours. Shares of Raymond Lifestyle Ltd ended at ₹1,125, down by ₹50.05 or 4.26%, on the BSE today (August 6).
